Here are six factors that could damage your credit score:

1. Not paying your bills on time - Bills not paid within 30 days can be reported to the credit bureaus.

2. Utilizing all of your available credit on credit cards - It is important to not max out your credit cards without a plan to pay them off.

3. Not having a diverse mix of credit - Having different types of credit, such as car loans and revolving credit, could help improve your score. 

4. Applying for too much credit - Multiple applications for credit cards in a short period of time can be a bad sign. 

5. Not using credit at all - You must show that you can responsibly use and manage credit in order to maintain a good score.

6. Closing credit cards - Keeping long-term accounts open is important, as closing them removes the positive history from your report.



Good credit is especially essential when searching for a new home or home loan. Having a good credit score can make the difference between having your loan accepted and being declined. Poor credit is preventable if you pay attention to the above mentioned criteria, so be sure to stay on top of your finances to ensure success.